TradingView
Applicative
Dec 30, 2020 4:21 PM

ALGO potential bullish breakout Long

Algorand / TetherUSBinance

Description

Many coins have been pumped hard but this one hasn't. ALGO just came out from a downtrend and the MA cloud starts turning positive. Since it's breaking out from a downtrend, many reversal patterns may appear. There is a potential inverse H&S. Though it looks more like a rising wedge to me, which is a continuation pattern in a downtrend. However If it instead breaks out from the top, the potential would be great. :D

More